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China, EU begin negotiations on investment pact

China and the European Union began talks on a landmark investment agreement Thursday, a positive move amid lingering trade tensions between the two sides.

EU confident Cyprus will overcome euro crisis

Cyprus is on the road to recovery from its bailout crisis, the European Council president said Tuesday during a first top-level EU visit since the island`s near economic meltdown.

EU leaders agree on 120 bn euro growth initiatives

European Union (EU) top leaders have agreed on a package of growth initiatives worth 120 billion euros (about USD 150 billion) to help the most vulnerable economies in the bloc, European Council President Herman Van Rompuy said during a two-day summit in Brussels to tackle the debt crisis.